Favbet Review

Markets

The number of different disciplines covered is just reasonable. In total there are 17 different sports/markets on the FavBet Bookmaker website, with a definite emphasis on European sports. In addition to football, basketball, tennis, and American football, customers can also have a financial interest in both rugby union and league, handball, chess, table tennis and alpine skiing. There are also odds for the up and coming e-sports, with odds available for games such as League Of Legends.

The football coverage is just okay. At the time of review, there were odds for games from 15 different countries around the world. In England, the betting goes as far as League 2, with some non-league action such as the FA Trophy also priced up. The market depth for the football lags behind some of the top online firms, with just 43-46 additional bet types offered for each English Premier League games, five days before the matches were to be played. UK giant William Hill typically have around 130 additional bets at this time, whilst BetVictor provide around 80, so FavBet have a little way to go to match the market leaders in this respect. It is however worth noting that on match day, the number of markets gets much closer to 100, so for those punters who like to bet on the day, there is plenty of choice.

The basketball depth is reasonable. There are odds for several European leagues, in addition to Brazilian and Argentinean action and of course the NBA is covered. There are around 50 additional bet types for the NBA which is only marginally behind William Hill (51-61) and well ahead of BetVictor (16). Basketball can be considered a relatively strong area for FavBet.

Odds

The football odds are not wildly competitive. The English Premier League attracts the most betting interest from around the world and gains the most attention and therefore it is no surprise to see FavBet Bookmaker offer their most competitive books for games from this league. However, they still don’t match up to the industry elite. The matches are typically compiled to produce a 106-107% book (if the firm had no inbuilt profit margin then the odds when expressed as percentages, would equate 100%). The top firms compile their Premier League 1X2 markets to 102.5-104%, with the majority falling in the 105.5-106.5% bracket.

The odds on matches from other top European leagues are less competitive. Fayre from La Liga in Spain and Serie A in Italy are compiled to an average of 108.5%, whilst the lower competitions in England are even bigger, with League One working to 111% books.

Taking a look at the NBA, the 1X2 markets are compiled to around 109.5-110%, with the moneyline odds working to a more generous 105%. To compare, William Hill’s moneyline is again very competitive (103.5%), whilst BetVictor’s is less so (106.6%), so the FavBet odds can be considered reasonable here.

Customer Services

The customer services department are available 24/7 and can be reached via email, live chat or Skype. Although they are advertised to be contactable around the clock, it does depend on what language customers are trying to converse with the employees in, as at certain times they do not have English speaking representatives available. In these instances, customers are advised to email and wait for a response.

Promotions

There is no sign up bonus available for new customers to FavBet Bookmaker, but they do have a number of other concessions available to players, new and old.

FavBet offer a ‘multiple of the day’, where they choose a bet containing 3-5 selections, and boost the returns by 10%. Customers are able to see the ‘multiple of the day’ by clicking on the promotions tab at the top of the screen.

There is also a FavBet loyalty club that customers are able to opt in to when signing up for an account. When betting, customers accumulate points that can contribute towards bonuses on accumulators, cashback on losses and they can also gain access to the FavBet shop where points can buy products.

Payments

There is a good spread of payment solutions, offering several different methods for customers from different countries to deposit funds into their FavBet account.

There is no fee for depositing with any method, but to withdraw using a Visa or Mastercard, customers must pay 1.5%, and to withdraw using QIWI, the customers must pay 2.5%. All of the other payment solutions are free and this suggests that FavBet Bookmaker have a preference for their customers using e-wallets.

Conclusion

FavBet are clearly an experienced bookmaker and it shows on their site. They have a solid customer service, reasonable number of markets and some nice concessions that aim to build customer loyalty. The odds could be a little more competitive for football, but basketball and other sports match up reasonably well against similar firms in the industry. The website could do with a bit of a makeover but overall punters can’t go wrong having a FavBet account at their disposal.